The Platteland1 is known for it’s that won’t happen here attitude. When it comes to FICA compliance and reporting obligations, this is not true. Even the most idyllic small town may the centre of money laundering, terror financing or other illicit forms of financial proliferation.
As reported by IOL a man appeared in the Lichtenburg Magistrates Court on charges of funding a terrorist organization.
It is worth noting that Lichtenburg is located 140km from Johannesburg, with a population of some 26000 souls. It is the heart of an agricultural community, which mainly produces maize.
The highlights include
- A small town
- A South African Citizen
- R11500
- Bitcoin
- A listed terrorist organization
This clearly illustrates that FICA risks exist everywhere, not merely in the big cities.
- remote country districts ↩︎